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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (47878)	2/22/2001 8:29:13 PM
From: Softechie	Respond to of 57584

Listening from CNBC panel tonight talking about Fed and intra-meeting rates cut. I totally agree with Bill Gross from PIMCO on the point of who is the master of the Fed: Market or Economy. If AG cut rates now that will indicate to the mass that AG is responding to the market and not economy since he has already done twice in January with surprising move on 1/3. Also what if the market doesn't respond to another cut. Now that's real trouble and AG will not take that chance. Remember 2 cuts and no results with Nasdaq heading even lower. AG has to leave the rates alone and let the market to work itself out of its techs bubble. It has to have a cleansing of excess. It will get cheap and that's the time I will start to take position. Bill Gross estimated that we will have 1-2 years in the doldrum before it get better for techs. Any trades now will have to be very short term. Just IMHO.